Menu

Search

Menu

Search

FxWirePro: Cryptocurrency arbitrage opportunities for today

Amid all cryptocurrency avenues are tend to a new spark of bearish pressure, pricing disparities at different exchanges creates luring arbitrage opportunities to exploit. As the potential yields may vary from exchange to exchange, Bitcoin and its peer group and counterparts have tumbled off dramatically since the beginning of this year, the last year’s bullish momentum has absolutely shrunk away. 

As a result, of late, the majority of cryptocurrencies have been lurking amid stringent regulatory frameworks by the US SEC and CFTC.

Well, the triangular trading options could fetch us a handsome sum of returns, the following instances would bring-in the such opportunities owing to the pricing differences.

XRPUSD at Bitfinex and XRPUSD at Bittrex:

As you could observe the XRP pricing against dollar at two different exchanges, namely, XRPUSD at Bitfinex and XRPUSD at Bittrex. Please be noted that the existence of a disparity in their respective prices 0.48918 at Bitfinex and 0.46600 at Bittrex. Thereby, buying XRP on the Bittrex exchange with USD and transferring the same and translating it back into USD on Bitfinex allows us to derive a profit of just over 4.97%, Likewise, Bitcoin also renders the similar results.

BTCUSD at Bitfinex and BTCUSD at Bittrex:

Note that the BTC pricing against dollar at the same two different exchanges, BTCUSD at Bitfinex and BTCUSD at Bittrex. There again exists a disparity in their respective prices $4726 at Bitfinex and $4359 at Bittrex. Thereby, buying Bitcoin on the Bittrex exchange with USD and transferring the bitcoin and converting it back into USD on Bitfinex likely to derive a profit of just over 8.41%. 

Same has been the case with ETHUSD at Bitfinex and ETHUSD at Bittrex:

ETHUSD on Bitfinex and ETHUSD on Bittrex is at $139 and $131 respectively. Thus, procuring Ethereum on the Bittrex exchange using USD and transferring the same and converting it back to USD on Bitfinex would lead to a profit of just over 6.10%. 

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -98 levels (which is bearish), and hourly USD spot index has bearish index is creeping at -93 (bearish) while articulating (at 07:00 GMT). For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 17 07:00 UTC Released

TRIndustrial Prod Adj YY

Actual

-5.7 %

Forecast

-4 %

Previous

-2.7 %

December 17 07:00 UTC Released

NOTrade Balance

Actual

26.2 0

Forecast

Previous

34.9 0

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 473050473050m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 473050473050m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 461230461230m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.